Lukoil
| LUKOIL is the first Russian integrated oil company operating according to the principle "from oil well to filling station". LUKOIL was set up in 1991 in the form of a concern, based on the three biggest oil- and gas-producing enterprises in Western Siberia - Langepasneftegaz, Uraineftegaz and Kogalymneftegaz, which were combined to form the name LUKOIL. Subsequently, LUKOIL absorbed other oil-producing, oil-refining, sales, petrochemical, transport and other oil business enterprises. |
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Recent Articles
Rosneft, Lukoil Awarded Barents Licenses
Friday, June 14, 2013 Rosneft and Lukoil awarded shares in three exploration licenses in the Norwegian Barents Sea.
Lukoil Farms into Ivory Coast Block
Tuesday, June 11, 2013 Russia's Lukoil farms into Block CI-504 offshore Cote d'Ivoire.
Lukoil Sees 1Q 2013 Profit Drop by a Third
Tuesday, May 28, 2013 Russia's Lukoil reports net profit falls by a third on the back of lower energy prices and higher operating expenses.
Hess Finalizes Subsidiary Sale to Lukoil
Friday, April 26, 2013 Hess completes the sale of 100 percent of its Russian subsidiary Samara-Nafta to LUKOIL for a total consideration of $2.05 billion.
Lukoil in Talks to Buy 40% of Brazil's OGX
Monday, April 22, 2013 Reports say that Brazilian businessman Eike Batista is in talks to sell a 40-percent stake in OGX Petroleo e Gas Participacoes to Russia's Lukoil.
Lukoil to Invest $1B in Samara-Nafta in Next 5 Years
Monday, April 22, 2013 Lukoil Holdings will invest $1 billion in the oil firm Samara-Nafta to increase production.
Lukoil Executive: Russia Unlikely to Sell Large Rosneft Stake Soon
Thursday, April 18, 2013 The Russian government is unlikely to sell a large stake in state-controlled Rosneft in the near future and won't give up its dominant position in the energy sector, says Leonid Fedun.
Lukoil Targets 150,000 Barrels per Day from West Qurna-2
Tuesday, April 09, 2013 Lukoil executive says it aims to produce 150,000 barrels of oil per day at Iraq's West Qurna-2 oilfield by the end of December.
Fitch: Struggle with Oil Production Drives Lukoil M&A
Thursday, April 04, 2013 Ratings agency Fitch says an acquisition by Lukoil is out of step with its recent merger and acquisitions activity, suggesting the firm may be struggling to sustain domestic oil production.
Rosneft, Lukoil and Novatek Apply for Lebanese Offshore Projects
Wednesday, April 03, 2013 Russia's Rosneft, Lukoil and Novatek were among 52 companies that have applied for licenses to explore for oil and gas offshore Lebanon.
Monday, April 01, 2013 Hess sells its Russian subsidiary Samara-Nafta for $2.05 billion to Lukoil as it continues to whittle its assets to fund drilling and exploration and cut costs amid shareholder pressure to restructure.
Lukoil 'Not Affected' By Cyprus Crisis
Thursday, March 21, 2013 Lukoil CEO Vagit Alekperov says the firm has not been affected by the Cyprus crisis.
Lukoil 4Q 2012 Profit Almost Doubles
Thursday, March 07, 2013 Russia's No.2 oil producer, Lukoil, reports net profit for last quarter of 2012 that was almost double the profit for 4Q 2011.
Lukoil Proved Reserves Stand at 17.3B Barrels
Wednesday, February 06, 2013 Audit shows that Lukoil had proved reserves of 13.4 billion barrels of oil and 23.5 trillion cubic feet of gas at the end of 2012.
Russia's Rosneft to Lead Junin-6 Oil Project in Venezuela
Tuesday, January 29, 2013 Oil giant OAO Rosneft will become the leader of a Russian consortium that runs the Junin-6 oil block in Venezuela, a project being developed in partnership with state energy monopoly Petroleos de Venezuela.
Lukoil Considering Lebanese Project
Wednesday, January 23, 2013 Lukoil chief executive is interested in developing oil on the continental shelf in the Middle East and is considering a project in Lebanon.
Tuesday, January 22, 2013 Fitch Ratings estimates Russian oil production will probably peak within the next few years as gains from new fields are offset by falling output from brownfield sites.
Lukoil Plans to Up Oil Production by 1.5% in 2013
Tuesday, January 15, 2013 Lukoil Chief Executive says Russian firm plans to increase 2013 oil production by 1.5 percent this year.
Russia Lukoil to Cut Iraq Oil Production By 30% After Govt Decision
Thursday, December 27, 2012 Lukoil Holdings will cut its production in Iraq by 30% after the Iraqi government decided to limit output in order to prop up prices, the president of Lukoil Overseas Holding said in an interview.
Lukoil Wins Oilfields Auction With $1.66B Bid
Tuesday, December 25, 2012 Lukoil Holdings outbids Rosneft and Gazpromneft-Noyabrskneftegaz at auction for Siberian oilfields.
